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OUTFRONT Media Inc.（OUT）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
OUTFRONT Media Inc.的季度营收约是SUBURBAN PROPANE PARTNERS LP的1.4倍（$513.3M vs $370.4M），OUTFRONT Media Inc.净利率更高（18.9% vs 12.4%，领先6.5%），OUTFRONT Media Inc.同比增速更快（4.1% vs -0.8%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $-67.5M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% vs -13.8%）
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
OUT vs SPH — 直观对比
营收规模更大
OUT
是对方的1.4倍
$370.4M
营收增速更快
OUT
高出4.9%
-0.8%
净利率更高
OUT
高出6.5%
12.4%
自由现金流更多
OUT
多$160.8M
$-67.5M
两年增速更快
OUT
近两年复合增速
-13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $513.3M | $370.4M |
| 净利润 | $96.8M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 26.0% | 18.3% |
| 净利率 | 18.9% | 12.4% |
| 营收同比 | 4.1% | -0.8% |
| 净利润同比 | 30.8% | 135.7% |
| 每股收益（稀释后） | $0.57 | $0.69 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收OUTSPH
| Q4 25 | $513.3M | $370.4M | ||
| Q3 25 | $467.5M | $211.4M | ||
| Q2 25 | $460.2M | $260.1M | ||
| Q1 25 | $390.7M | $587.7M | ||
| Q4 24 | $493.2M | $373.3M | ||
| Q3 24 | $451.9M | $208.6M | ||
| Q2 24 | $477.3M | $254.6M | ||
| Q1 24 | $408.5M | $498.1M |
净利润OUTSPH
| Q4 25 | $96.8M | $45.8M | ||
| Q3 25 | $51.3M | $-35.1M | ||
| Q2 25 | $19.5M | $-14.8M | ||
| Q1 25 | $-20.6M | $137.1M | ||
| Q4 24 | $74.0M | $19.4M | ||
| Q3 24 | $34.6M | $-44.6M | ||
| Q2 24 | $176.8M | $-17.2M | ||
| Q1 24 | $-27.2M | $111.5M |
毛利率OUTSPH
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 60.6% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 61.8% |
营业利润率OUTSPH
| Q4 25 | 26.0% | 18.3% | ||
| Q3 25 | 19.2% | -7.9% | ||
| Q2 25 | 12.2% | 2.1% | ||
| Q1 25 | 3.6% | 27.0% | ||
| Q4 24 | 22.5% | 15.8% | ||
| Q3 24 | 15.8% | -10.8% | ||
| Q2 24 | 48.0% | 3.2% | ||
| Q1 24 | 3.4% | 27.5% |
净利率OUTSPH
| Q4 25 | 18.9% | 12.4% | ||
| Q3 25 | 11.0% | -16.6% | ||
| Q2 25 | 4.2% | -5.7% | ||
| Q1 25 | -5.3% | 23.3% | ||
| Q4 24 | 15.0% | 5.2% | ||
| Q3 24 | 7.7% | -21.4% | ||
| Q2 24 | 37.0% | -6.8% | ||
| Q1 24 | -6.7% | 22.4% |
每股收益（稀释后）OUTSPH
| Q4 25 | $0.57 | $0.69 | ||
| Q3 25 | $0.29 | $-0.55 | ||
| Q2 25 | $0.10 | $-0.23 | ||
| Q1 25 | $-0.14 | $2.10 | ||
| Q4 24 | $0.49 | $0.30 | ||
| Q3 24 | $0.19 | $-0.69 | ||
| Q2 24 | $1.01 | $-0.27 | ||
| Q1 24 | $-0.18 | $1.72 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $99.9M | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $710.4M | — |
| 总资产 | $5.3B | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OUTSPH
| Q4 25 | $99.9M | $1.3M | ||
| Q3 25 | $63.0M | $405.0K | ||
| Q2 25 | $28.5M | $1.3M | ||
| Q1 25 | $30.5M | $3.9M | ||
| Q4 24 | $46.9M | $4.4M | ||
| Q3 24 | $28.0M | $3.2M | ||
| Q2 24 | $49.6M | $4.9M | ||
| Q1 24 | $42.4M | $4.4M |
总债务OUTSPH
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益OUTSPH
| Q4 25 | $710.4M | — | ||
| Q3 25 | $542.6M | — | ||
| Q2 25 | $539.1M | — | ||
| Q1 25 | $566.9M | — | ||
| Q4 24 | $649.0M | — | ||
| Q3 24 | $618.2M | — | ||
| Q2 24 | $664.9M | — | ||
| Q1 24 | $524.2M | — |
总资产OUTSPH
| Q4 25 | $5.3B | $2.4B | ||
| Q3 25 | $5.2B | $2.3B | ||
| Q2 25 | $5.1B | $2.3B | ||
| Q1 25 | $5.1B | $2.4B | ||
| Q4 24 | $5.2B | $2.4B | ||
| Q3 24 | $5.2B | $2.3B | ||
| Q2 24 | $5.3B | $2.3B | ||
| Q1 24 | $5.5B | $2.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $118.1M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $93.3M | $-67.5M |
| 自由现金流率自由现金流/营收 | 18.2% | -18.2% |
| 资本支出强度资本支出/营收 | 4.8% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.22× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $218.8M | $61.9M |
8季度趋势，按日历期对齐
经营现金流OUTSPH
| Q4 25 | $118.1M | $-47.7M | ||
| Q3 25 | $88.8M | $41.8M | ||
| Q2 25 | $67.1M | $95.5M | ||
| Q1 25 | $33.6M | $40.1M | ||
| Q4 24 | $124.5M | $8.8M | ||
| Q3 24 | $73.1M | $36.8M | ||
| Q2 24 | $71.0M | $61.4M | ||
| Q1 24 | $30.6M | $75.1M |
自由现金流OUTSPH
| Q4 25 | $93.3M | $-67.5M | ||
| Q3 25 | $67.7M | $27.7M | ||
| Q2 25 | $41.4M | $80.9M | ||
| Q1 25 | $16.4M | $20.8M | ||
| Q4 24 | $106.3M | $-15.1M | ||
| Q3 24 | $55.5M | $17.7M | ||
| Q2 24 | $47.1M | $46.8M | ||
| Q1 24 | $12.2M | $60.6M |
自由现金流率OUTSPH
| Q4 25 | 18.2% | -18.2% | ||
| Q3 25 | 14.5% | 13.1% | ||
| Q2 25 | 9.0% | 31.1% | ||
| Q1 25 | 4.2% | 3.5% | ||
| Q4 24 | 21.6% | -4.0% | ||
| Q3 24 | 12.3% | 8.5% | ||
| Q2 24 | 9.9% | 18.4% | ||
| Q1 24 | 3.0% | 12.2% |
资本支出强度OUTSPH
| Q4 25 | 4.8% | 5.3% | ||
| Q3 25 | 4.5% | 6.7% | ||
| Q2 25 | 5.6% | 5.6% | ||
| Q1 25 | 4.4% | 3.3% | ||
| Q4 24 | 3.7% | 6.4% | ||
| Q3 24 | 3.9% | 9.1% | ||
| Q2 24 | 5.0% | 5.8% | ||
| Q1 24 | 4.5% | 2.9% |
现金转化率OUTSPH
| Q4 25 | 1.22× | -1.04× | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 3.44× | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 1.68× | 0.45× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.40× | — | ||
| Q1 24 | — | 0.67× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
